International airport: Haryana govt releases its share of grant

Panchkula: Clearing the decks for the formation of a joint venture company (JVC), which will develop the proposed international civil air terminal in Mohali, the Haryana government on Monday released its share of Rs 2.45 crore towards the project.
In a communiqué to the Airport Authority of India (AAI), (of which Newsline has a copy) the Haryana government has also proposed that the name of the airport be ‘Chandigarh International Airport’ or ‘International Airport, Chandigarh’.
The JVC, with an initial subscribed capital of Rs 10 crore, will comprise the AAI, which has a 51 per cent stake in the project, and the Punjab and Haryana governments with a stake of 24.5 per cent each. The land acquisition process for the airport is complete — nearly 306 acres have been acquired for the airport complex.
The name of T C Gupta, Chief Administrator of the Haryana Urban Development Authority (HUDA), has been nominated as one of the directors of the JVC. “In the letter, we have proposed that there should be two directors from the AAI and one each from Punjab and Haryana. The other option is to have four directors from AAI and two each from Punjab and Haryana,” said Gupta.
The Punjab government is also in the final stages of releasing the money and is expected to send a final communication on the issue to the AAI in a day or two.
26/05/09 Nainu Rohtaki/Indian Express

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Categories: Airports May 2009, New May 2009